KULR Technology Group, a leader in thermal management and energy safety solutions, has announced the successful acquisition of a $20 million credit facility from a major digital asset lending firm. The financing is intended to support the company’s ongoing Bitcoin accumulation strategy, which aligns with its broader treasury diversification plan.
Bitcoin-Backed Loan Enables Strategic Expansion
The multi-draw credit facility allows KULR to access capital without issuing new equity. Borrowings will be secured by the company’s existing Bitcoin holdings, enabling non-dilutive funding at competitive rates.
CEO Michael Mo described the move as a step forward in strengthening the firm’s financial foundation while also reinforcing long-term shareholder value. “This is our first Bitcoin-backed credit facility and reflects our commitment to strategic treasury innovation,” he said in a recent statement.
KULR Commits to Long-Term Bitcoin Strategy
The company first made headlines in December when it announced a bold shift in treasury management, committing to hold up to 90% of its surplus cash reserves in Bitcoin. Since then, KULR has consistently increased its digital asset holdings.
As of July, KULR holds 920 BTC, acquired at an average price of $98,760 per coin, bringing its total cost basis to approximately $91 million. With Bitcoin currently trading above $100,000, this implies a paper gain of nearly $9 million.
KULR’s recent acquisition of 118 BTC for $13 million was a key milestone in executing this plan.
Capital Strategy Includes At-the-Market Stock Sales
To further support its treasury objectives, KULR also entered into a sales agreement to issue up to $300 million in common stock over time. The offering will be managed through an at-the-market (ATM) program in collaboration with two institutional partners.
This dual strategy—blending equity and credit financing—gives KULR the flexibility to expand its Bitcoin portfolio while maintaining operational liquidity and pursuing core business goals in battery safety and clean energy.
Market Performance and Future Outlook
KULR’s stock has reacted positively to the announcement, rising 7.1% in early trading. Over the past year, the company has gained over 127%, though it remains down 78% year-to-date, reflecting broader volatility in both tech and digital asset markets.
KULR’s strategy mirrors a growing trend among public companies shifting excess cash into Bitcoin as a hedge against inflation and a store of value. The move positions KULR among the top Bitcoin-holding companies globally and signals increasing institutional adoption of digital assets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.